Facebook buys Friendfeed

Article claims this was an expensive way to buy programming talent not new product:

“Basically, FriendFeed has been coasting on a lot of hype and not a lot of mainstream recognition, and it’s not a bit surprising that it would be seeking an exit at this point. Facebook acquired it for its talent; prior to FriendFeed, Taylor was part of the team that helped launch Google Maps. So the real story here is that Facebook made the rather expensive hire (and we don’t know the terms of the deal) of some very talented former Googlers. FriendFeed’s co-founders “will hold senior roles on Facebook’s engineering and product teams,” according to the release, and the rest of the company’s 12 employees will also join Facebook.”

Article:

Tags: Facebook, Friendfeed, Linkedin